Gilbert ‘to be chairman of digital bank Revolut’
UK digital bank Revolut is keen to appoint Standard Life Aberdeen vice chairman Martin Gilbert as its new chairman to win over investors ahead of…
UK digital bank Revolut is keen to appoint Standard Life Aberdeen vice chairman Martin Gilbert as its new chairman to win over investors ahead of…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Friday it has forged a strategic partnership with Beijing-based Asian Infrastructure Investment Bank (AIIB). The partnership…
Edinburgh-based John Menzies plc, the global airport services firm, said on Friday Dermot Smurfit will step down as chairman and be succeeded by non-executive director Philipp…
Edinburgh-based investment giant Aberdeen Standard Investments has expanded its Pan European Residential Property Fund (ASPER) SICAV-RAIF with the purchase of a newly constructed residential portfolio…
UPDATE 3 — Swiss Re announced on Thursday the suspension of its plans for a $4.1 billion initial public offering (IPO) of UK life insurance…
Buccleuch — one of Scotland’s biggest private landowners — announced on Thursday it is holding discussions with community bodies which have expressed an interest in…
The UK’s Financial Reporting Council (FRC) on Wednesday delivered a scathing review of the UK’s seven largest accounting firms, saying “poor quality audit work remains…
Norway-based private equity fund HitecVision and Oman-based oil group Petrogas have joined forces to buy a portfolio of British North Sea oilfields for $635 million…
The Institute of Directors Scotland announced on Monday that Malcolm Cannon has been appointed National Director for Scotland and will assume the role in September….
Scotland’s largest law firm Brodies LLP said its turnover rose 12% to £76.86 million for the financial year to April 30, 2019. Profits before partner…
Edinburgh-based investment giant Standard Life Aberdeen (SLA) on Monday announced the appointment of Noel Butwell as CEO of Standard Life Savings. Butwell’s responsibilities encompass Standard…
Deutsche Bank said on Sunday it will scrap its global equities business and scale back its investment bank, a move that will cut about 18,000…
Saudi-based Arbah Capital has acquired the landmark Sauchiehall Building retail block in the city centre of Glasgow from US investment firm KKR for £60 million…
Shares of Edinburgh-based John Menzies plc, the global airport services firm, fell 12% on Friday after it warned in a trading update that earnings for…
The Women’s Tour of Scotland announced that Edinburgh investment giant Baillie Gifford will be its new lead partner as the list of teams that will…
The latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator survey for Q2 of 2019 shows businesses in Scotland “are resilient and demonstrating their underlying…
Hibernian FC announced on Tuesday that the majority shareholding in the club has passed from HFC Holdings Limited – owned by Tom Farmer and Rod…
More than £394 million is to be invested into the five local authority areas on both sides of the border between England and Scotland. The…
1825, Standard Life’s financial planning and advice business, confirmed on Monday it agreed to acquire the wealth advisory unit of Grant Thornton UK LLP. The…
Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, plummeted 35% on Friday after it said in a trading update that its sales in the…
Project Heather, the firm creating a new Scottish Stock Exchange based in Edinburgh’s Geoge Street, on Friday announced the appointments of two senior executives. Helen…
US investment giant John Hancock is set to drop Edinburgh-based Aberdeen Standard Investments from its $925 million Global Absolute Return Strategy (Gars), according to a…
Barratt Developments plc announced on Thursday the acquisition of Selkirk-based Oregon Timber Frame Limited, one of the UK’s largest timber frame manufacturers. Oregon Timber Frame…
Glasgow City Council has secured £285 million in funding from Legal & General Investment Management (LGIM) to help pay for its historic equal pay settlement….
The Church of Scotland is seeking a CEO to implement “major changes to the governance and structures of the Church to ensure they are lean…
The average valuation of corporate finance deals in Scotland is on the rise, according to PwC, in spite of economic uncertainty which is expected to…
A Korean investor has bought the iconic Bank of Scotland building at 110 St Vincent Street in Glasgow for £48.4 million in the largest office…
Audit Scotland has slammed an IT project that ran into difficulties and has cost Scotland’s public sector pension body millions of pounds and “significantly” set…
The Offshore Wind Industry Council (OWIC) said on Monday it is launching a £100 million, 10-year programme to support the growth of UK businesses “looking…
Edinburgh-based fund manager Amati Global Investors has moved to reassure investors about its TB Amati UK Smaller Companies Fund following the closure of the high profile…
Scotch Whisky tourism saw record numbers of visitors in 2018, with more than two million visits to Scotch Whisky distilleries from tourists for the first…
UPDATE 3 — The UK’s Financial Conduct Authority (FCA) said on Friday it fined Bank of Scotland (BOS) £45.5 million for failures to disclose information…
The Scottish economy grew for the ninth consecutive quarter, according to the latest GDP figures. The latest figures show the Scottish economy grew by 0.5%…
Royal London Mutual Insurance Society confirmed on Wednesday that former Standard Life Aberdeen executive Barry O’Dwyer has been appointed its group chief executive subject to…
Aberdeen-based engineering and oil services giant Wood plc said on Tuesday it has been awarded a contract with the US Army Corps of Engineers (USACE)…
Intelligent Growth Solutions Ltd (IGS), the Scotland-based “vertical farm” technology business, announced on Tuesday a £5.4 million Series A funding round led by US-based S2G…
Troubled East Kilbride-based Goals Soccer Centres plc said on Tuesday it is in the process of engaging Deloitte LLP “to work alongside its current advisors…
Derby-based Mortgage Advice Bureau plc (MAB) said on Tuesday it agreed to acquire 80% of Edinburgh-based First Mortgage Direct Ltd for an initial £16.5 million,…
NatWest Holdings, a subsidiary of Royal Bank of Scotland Group, said on Tuesday it appointed Marieke Flament as the first chief executive officer of Mettle,…
Royal Bank of Scotland Group plc said the completion of the merger of Alawwal Bank and Saudi British Bank would release capital that will have…
UPDATE 4 — The UK’s All-Party Parliamentary Group on Fair Business Banking (APPG) on Thursday dismissed as a “whitewash” the Financial Conduct Authority (FCA) final…
Queen Margaret University (QMU), Edinburgh, announced on Wednesday that Paul Grice, chief executive of the Scottish Parliament, will be appointed as the University’s new principal…
The value of Scottish residential property sales in the financial year 2018-19 rose 1.6% to £18.2 billion, according to latest statistics from Registers of Scotland’s Property…
Scottish IT consultancy ECS Group said on Wednesday that ECS Security, its cyber-security arm, has completed a management buyout (MBO), supported by private equity firm…
J Sainsbury plc said on Tuesday it appointed former RBS executive Jim Brown as chief executive officer of Edinburgh-based Sainsbury’s Bank, subject to regulatory approval….
Private sector output in Scotland declined during May for the fifth time in the last six months, reversing the modest pick-up in activity seen in…
EasyJet has awarded Edinburgh-based Menzies Aviation a new long term ground handling contract at the airline’s base in London Luton Airport. The contract will see…
Scottish Property Federation (SPF) analysis of commercial property sales during the first quarter of 2019 reveals that total the value of sales in Scotland fell by 21% (£203m) to…
UPDATE 2 — Edinburgh-based John Menzies plc, the global airport services firm, said on Thursday that following a full search process, interim CEO Giles Wilson has…
UPDATE 3 — The proposed new Scottish Stock Exchange said on Thursday it will locate its headquarters at 39 George Street, Edinburgh, after signing an…
Booming overseas sales of Scotch whisky and Scottish salmon helped first quarter UK food and drink exports increased by 10.7% to £5.8 billion, almost twice…
Italian aerospace and defence firm Leonardo’s research and development hub at Crewe Toll in Edinburgh has been sold by Brockton Capital to unnamed South Korean…
Standard Life Aberdeen director Melanie Gee is to join healthcare investment trust company Syncona Limited as a non-executive director and chair-designate with immediate effect. Gee…
Edinburgh-based fund management giant Aberdeen Standard Investments (ASI) and Japan’s Sumitomo Mitsui Trust Bank, Limited announced on Tuesday the establishment of a joint venture that…
By Mark McSherry Aberdeen-based international bus and rail giant FirstGroup said on Tuesday it has granted activist shareholder Coast Capital Management the extraordinary general meeting…
Greencoat UK Wind plc (UKW), the listed renewable infrastructure fund invested in operating wind farms, said it has raised £375 million via its share issuance…
The latest annual Football Distress Report by corporate insolvency specialist Begbies Traynor has found that none of Scotland’s league football clubs are showing serious signals…
UPDATE 4 — Shares of Aberdeen-based international bus and rail giant FirstGroup rose on Thursday after it said it will sell its Dallas-based Greyhound bus business…
Aberdeen-based oil and gas operator Ithaca Energy, owned by Israel’s Delek Group, said on Thursday it will acquire Chevron North Sea Limited (CNSL) for $2 billion….
The 30th Oil and Gas survey has revealed that around 45% of North Sea oil and gas contractors have increased investment spend in the UK…
The Scottish Government has published legislation for the framework to hold another independence referendum, including the provision to set the date, question and timeframe. Scotland’s…
Dundee-based Alliance Trust plc, the £3 bilion global investment trust (closed end fund), announced on Tuesday it appointment of Hermes Equity Ownership Services (HEOS) to…
A public consultation has started on a draft corporate plan for new Scottish Government agency Forestry and Land Scotland (FLS). Rural Economy Secretary Fergus Ewing…
East Kilbride-based Goals Soccer Centres plc said on Tuesday it appointed forensic accountants alongside its auditors “to investigate and report on historic accounting policies and practices…
UPDATE 2 — Souter Investments, the family investment office of Stagecoach Group founder Brian Souter, announced that its Falkirk-based global bus manufacturer Alexander Dennis (ADL) has…
UPDATE 1 — Perth-based bus and rail giant Stagecoach Group plc said on Friday it is taking legal action against the UK’S Department for Transport…
Edinburgh-based John Menzies plc, the global airport services firm, said on Thursday it appointed private equity fund manager Christian Kappelhoff-Wulff to its board and formed two…
Aberdeen Standard Investments said it exchanged contracts to sell the central Edinburgh development that includes parent firm Standard Life Aberdeen’s HQ to German pension fund…
The General Assembly of the Church of Scotland has rejected calls to divest from oil and gas companies but said it recognised “that the world…
Scottish fintech lending platform LendingCrowd said on Tuesday it brought together the Scottish Investment Bank (SIB) – the investment arm of Scottish Enterprise – and…